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Traders Shrug off S & P Pessimism

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Mortgage and Lending with The Federal Savings Bank/Lending in 50 states NMLS # 109616

Stocks shrugged off Standard & Poor's comments from yesterday regarding the rating of U.S. bonds.  I am not sure it was so much Treasury Secretary Geithner's comments that assuaged traders.  The lack of immediacy did little to sustain the uncertainty which arose when the comments first came out.  The big board made up almost half its losses from yesterday, closing up 65 points.  Afther the close IBM and Intel reported better than expected earnings.  Hopefully this will carry the positive trend into tomorrow.

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